D

David Energy

DER optimization software for energy management

Overview

Company Does Not Provide H-1B Sponsorship

David Energy provides a software platform that optimizes distributed energy resources (DERs) such as solar, batteries, and smart thermostats for commercial buildings. It connects and controls DER assets, analyzes real-time energy data, and coordinates energy procurement and demand response via contracts and services, using deep knowledge of electricity markets. It differentiates itself by offering end-to-end DER optimization—DER management, energy procurement, and demand-response services—in one platform with a focus on regulatory compliance and tailored contracts that require no upfront payments. Its goal is to help clients save on energy costs while accelerating carbon-free operations and meeting sustainability requirements.

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About David Energy

Simplify's Rating
Why David Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnergyEnterprise Software

Company Size

51-200

Company Stage

Early VC

Total Funding

$64.1M

Headquarters

New York City, New York

Founded

2018

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Simplify's take

What believers are saying

  • Wonder reported roughly $20,000 savings across 21 sites by October 2026.
  • David Energy is expanding from Wonder into laundromats, grocers, and retail chains.
  • 2027 Wonder builds create repeatable deployment templates and a stronger customer expansion path.

What critics are saying

  • Wonder concentration makes one customer setback hit revenue immediately in 2027.
  • Consumer-grade batteries and Con Edison rules create safety, reliability, and permitting scrutiny.
  • If larger competitors copy free-battery economics, David Energy loses margin and survives poorly.

What makes David Energy unique

  • Free plug-in batteries let David Energy deploy without utility interconnection queues.
  • It bundles electricity supply, battery arbitrage, and demand-response earnings into one contract.
  • Wonder’s 21-site rollout shows its software works inside dense NYC commercial kitchens.

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Funding

Total Funding

$64.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Unlimited Paid Time Off
  • 401(k) Retirement Plan
  • Company Equity

Growth & Insights and Company News

6 month growth

3%

1 year growth

1%

2 year growth

5%
Associated Press
Aug 10th, 2026
David Energy installs free plug-in batteries at 21 Wonder NYC locations to cut energy costs

David Energy has partnered with Wonder to install free plug-in batteries at 21 Wonder locations across New York City. The 120-volt batteries charge when electricity is cheap and discharge during expensive periods, saving Wonder thousands of dollars annually per location compared to utility costs. Wonder operates 140 locations across the Northeast using all-electric kitchens. The batteries required minimal installation effort and operational changes whilst reducing peak demand on the grid. The companies are now collaborating on back-of-house designs for new 2027 Wonder locations in New York City to optimise battery placement. David Energy is the only energy supplier offering businesses free batteries to guarantee lower monthly power bills compared to traditional utilities.

PR Newswire
Sep 23rd, 2024
David Energy Raises $23 Million to Run the Grid 24/7/365 on Clean Energy

/PRNewswire/ -- David Energy, a trailblazing gridtech company, announced today that it has secured $23 million in funding to transform the retail energy market...

FinSMEs
Sep 23rd, 2024
David Energy Raises $23M in Funding

David Energy, a NYC-based gridtech company, raised $23M in funding.

U.S. Securities and Exchange Commission
May 31st, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Enode
Oct 12th, 2023
David Energy partners with Enode to build the clean energy grid of the future

Enode is partnering with David Energy - a software-powered electricity supplier that's committed to providing clean, affordable energy.

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